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TGI Fridays just closed 36 restaurants — see the full list

Jan 5, 2024, 00:48 IST
Business Insider
TGI Fridays closed 36 restaurants in the US on January 3.Andrew Burton/Getty Images
  • TGI Fridays closed 36 under-performing restaurants on January 3.
  • The chain closed locations in 12 states, including California, Florida, New Jersey, and Massachusetts.
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Casual dining chain TGI Fridays said Wednesday it closed 36 company-owned restaurants throughout the US this week, impacting hundreds of workers.

The company also said it unloaded eight company restaurants by selling them to the chain's former CEO, Ray Blanchette.

TGI Fridays is closing corporate stores as part of an ongoing effort to transform the brand under new leadership. TGI Fridays has had two CEOs since Blanchette left the chain in May.

"We've identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet — and exceed — on that brand promise," Ray Risley, chief operating officer, said in a statement. "By strengthening our franchise model and closing underperforming stores, we are creating an unprecedented opportunity for Fridays to drive forward its vision for the future."

Restaurant consultant Tim Powell said he expects more casual dining restaurants to shutter stores this year.

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"This trend of closures will continue as casual dining has been faced with a sea of sameness for years," Powell, the managing principal at the industry consultancy Foodservice IP, told Insider. "Fridays lacks a position or reason to visit. Few customers want to spend time and money at a casual dining restaurant, and many of them are dated."

Fast-food chains are also downsizing and cutting staff.

Last year, Burger King said it would close up to 400 restaurants during its current fiscal year. Dozens have already closed. While Pizza Hut isn't closing stores, two California franchisees took the unprecedented step of laying off more than 1,200 delivery drivers as restaurants in the state brace for an upcoming minimum wage hike to $20 an hour in the state.

The 36 TGI Fridays restaurants closed on January 3, with most of the closures targeting locations in New York, Massachusetts, and New Jersey. New York and New Jersey raised their minimum wage on January 1.

The chain, which has 650 restaurants in 51 countries, said it is offering more than 1,000 transfer opportunities for employees. That represents over 80% of the total workforce impacted by the 36 closures, the chain said.

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Here's a list of the stores closing:

California

  • 1077 East Herndon Avenue, Fresno

Colorado

  • 125 Ken Pratt Boulevard, Longmont

  • 8104 Northfield Boulevard, Denver

Connecticut

  • 3025 Berlin Turnpike, Newington

Florida

  • 24 Ocean Shore Boulevard, Ormond Beach

  • 580 North State Road 7, Royal Palm Beach

Massachusetts

  • 601 Donald Lynch Boulevard, Suite 4258, Marlborough

  • 49 Newbury Street, Danvers

  • 750 Providence Highway, Dedham

  • 1105 Fall River Ave, Seekonk

  • 280 School Street, Suite A100, Mansfield

  • 1385 S Washington Street, North Attleborough

Maryland

  • 8330 Benson Drive, Columbia

  • 15207 Major Lansdale Boulevard, Bowie

New Hampshire

  • 124 NH-101A Suite 28, Amherst

New Jersey

  • 401 Gill Lane, Iselin,

  • 411 Hackensack Avenue, Hackensack

  • 71 Route 23 South, Wayne

  • 180 NJ-35 Ste 6000, Eatontown

  • 40 US-22, Springfield

  • 970 Route 73 North, Marlton

  • 3535 US-1 #275, Princeton

New York

  • 1475 Western Avenue, Albany

  • 1725 Sunrise Highway, Bay Shore

  • 5 Centre Drive, Central Valley

  • 3045 Expy Drive North, Islandia

  • 5204 Sunrise Highway, Massapequa Park

Pennsylvania

  • 2500 West Moreland Road, Willow Grove

Texas

  • 5217 South Padre Island Drive, Corpus Christi

  • 1524 North Collins Street, Arlington

  • 12895 Gulf Fwy, Houston

  • 1105 Lake Woodlands Drive, The Woodlands

Virginia

  • 6751-B Frontier Drive, Springfield

  • 7401 Sudley Road, Manassas

  • 1160 Carl D Silver Parkway, Fredericksburg

  • 13237 Worth Avenue, Woodbridge

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